UAW healthcare trust questioned
Louisville Courier-Journal, January 2, 2008
The historic new trust intended to pay the health costs of United Auto Workers retirees from Detroit's automakers could run out of money much sooner than anticipated. Thanks to two key problems: possibly inaccurate assumptions about the growth of healthcare costs, and $36 billion of the plan is unfunded so far. Industry experts say the scant public information about the trust--known as a voluntary employees' beneficiary association, or VEBA--provides little comfort that current benefits will remain as promised for hundreds of thousands of UAW retirees.
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- 3 Traits Personality Assessments Can't Reveal
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CHS Hacked, 4.5M Patient Records Compromised
- CFO Exchange: Healthcare Leaders Share 5 Innovative Ideas
- Business Roundup: M&A Activity Down Slightly in First Half of 2014
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- Large Employers Trimming Healthcare Spending